Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

An investor buys 500 shares of a mutual fund that had an NAV of $10.18 per share last year. Over the past year the fund

An investor buys 500 shares of a mutual fund that had an NAV of $10.18 per share last year. Over the past year the fund paid dividends of $0.25 per share and had a capital gains distribution of $1.35 per share. Compute the one year return from this investment if the current NAV of this mutual fund is $11.75.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions